Brief: Axactor Acquires NPL Portfolio In Germany

Axactor ASA

03/09/2019 12:22

Sept 3 (Reuters) - Axactor SE  AXAC.OL :
    * AXACTOR ACQUIRES A LARGE UNSECURED NPL PORTFOLIO IN
GERMANY
    * AXACTOR PLANS TO FINANCE THIS ACQUISITION BY USE OF
AVAILABLE
CASH EXISTING CREDIT FACILITIES
    * PURCHASE IS AN UNSECURED PORTFOLIO WITH AN OUTSTANDING
BALANCE
OF APPROXIMATELY 145MEUR ACROSS MORE THAN 65.000 CLAIMS
    * PORTFOLIO COMES WITH A SIGNIFICANT NUMBER OF PAYING CASES,
INCREASING EXISTING REVENUE WITH IMMEDIATE EFFECT

Source text for Eikon:  ID:nObi8FMzza 
Further company coverage:  AXAC.OL 

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